Mortgage Minute Monday. [#DHallTheINSIDER]

insider 9_25_17

Photo Source: Landschute

In the third quarter of 2017, 62% of renters believe now is a good time to buy, up 10% from the second quarter. While 80% of homeowners believe now is a good time to sell, we haven’t seen enough homeowners follow through with that sentiment, keeping competition strong.

Per Ellie Mae’s latest Origination Insight Report for August, closing times averaged 42 days. (Ours is half that.)

Homeowners saw an average year-over-year equity gain of almost $13K, with the biggest increases seen in the West.

According to SmartAsset, Montpelier, VT won the favorite spot for best state capital to live in.

Majority (75%) of the Federal Reserve members are in favor of hiking rates once more this year come December.

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